The economy is about competition

[liasbaa]

One country's decline is a benefit to another one. It might sound cold and selfish but the truth is that if one economy is declining, you can use this to your advantage. If one country has a failing economy and they can no longer produce high quality products and their trade is losing significance then another country can sweep in and give better offers. This is simply the reality and so economy should not have emotions in because it will not do you good. If you want to improve your financial state, you have to compete. This is true even with smaller scale marketplace. Not a country's but let's say in one city. If one seller fails to deliver good products, you can sell better ones and take their customers. There is no space in the economy for soft hearted because everything is a competition. You have to compete for resources. You have to compete for demand. You have to compete for customers.

The whole world is moving forward in a competitive manner, if you keep yourself behind you are financially lagging behind. If you want to participate in any profitable project, then before that you have to move forward according to the plan such as whether your capital can carry out your business strategy with the amount of money you have or you have to borrow. Some banks are ready to give you a loan to start a business, so you should consider whether you have the available amount of collateral. Without taking a loan you may not be able to properly set up a big project. The market competition will try to crush you so you have to maintain the quality of the product and take a strategy to supply it at a low price according to the demand.

[9ja Amaka]

If a country economy is having challenges it shouldn't have to affect there quality manufacturing because there should be sufficient resources for it, unless they intentionally decided to do it on the excuse of bad economy, at that time if there is something they should be more focus on is the quality because that is were some revenue will be originated from so actually if they cannot do that the people they usually supply to will find another country who could do better than them. Improvement is the new state we are because as a country who knows what bad economy could cause they wouldn't want to have it because it will cause a poor internal improvement on them.

I wont agree with you here. When a country is going through economy downturn they lack the necessary resources to manufacture products. Basically, the resources are available in the market but the cost of getting them will be high unlike the way it used to be. Normally, they dont need to use the little they have to push in quality since they will be having less production and it will also affect the market.

What they need at the moment, is to shift into producing something else they can sell out. Similar to what OP is saying. If they cant afford to produce new things, then they can offer services to other countries. giving them what they have in return of the resources to foster production in their country. One thing I will never forget is how trading started. It started long ago, between countries and the world war pushed for countries to become allies and rivals. Trading has not stopped. Countries are still trading between each other and I think that is what every country needs to do if they want their economy to not get so bad that they cant afford to continue production. 

[Pi-network314159]

One country's decline is a benefit to another one. It might sound cold and selfish but the truth is that if one economy is declining, you can use this to your advantage. If one country has a failing economy and they can no longer produce high quality products and their trade is losing significance then another country can sweep in and give better offers. This is simply the reality and so economy should not have emotions in because it will not do you good. If you want to improve your financial state, you have to compete. This is true even with smaller scale marketplace. Not a country's but let's say in one city. If one seller fails to deliver good products, you can sell better ones and take their customers. There is no space in the economy for soft hearted because everything is a competition. You have to compete for resources. You have to compete for demand. You have to compete for customers.

Economically the world is a global market.  Just as businesses are competing for market share, nations also try to outsmart each other. The competition is so fierce that it could lead to attacks to sabotage economies. China became the second biggest economy because it took advantage of its population and technological development to take over the market share of many countries. With cheap labour and fast production speed China was able to produce cheap quality products. Many countries had to diversify into other areas while they depended on China for diverse products.

this china you talked about is one of the most smartest country i have ever seen in taken advantage or leveraging on other countries weakness. they offer help in giving out loan and cheap labor to country that cant manage there resources. after offering help to this country by given them loan, if they are unable to pay back, this country will give them their any asset in return as a pay back of loan and from their they begin to manage such resources in another country sending some population to such country to work and capitalize on such weakness. well i dont have any prove now to back up my claims but i know most of them occupying some company in my country and are dominating and producing cheap material to beat the price of goods in my country and they are beginning to make a lot of money from that.

[AprilioMP]

Smart economic actors will exploit even the smallest loopholes to achieve their goals. Competition in the economic world is fiercer than any other because their focus is solely on profit.
When a country experiences an event that causes economic turmoil, that's where they find an opportunity to operate. Competition isn't one-sided, but multifaceted.
It's no surprise that someone can instantly reap substantial profits from what's happening. That's because they understand how the game works.

[Roseline492]

If a country economy is having challenges it shouldn't have to affect there quality manufacturing because there should be sufficient resources for it, unless they intentionally decided to do it on the excuse of bad economy, at that time if there is something they should be more focus on is the quality because that is were some revenue will be originated from so actually if they cannot do that the people they usually supply to will find another country who could do better than them. Improvement is the new state we are because as a country who knows what bad economy could cause they wouldn't want to have it because it will cause a poor internal improvement on them.

When a country is facing economic meltdown or heading to recession that should be an opportunity for them to act wisely by improve in many things, like the standard of goods they produce, making sure to increase there production capacity, any country in economic mess, should not think of substandard goods because countries they do business with are wise too, any funny move can lead them to slide further because looking for new consumers will be a problem unless they will have to reduce the price of the goods which will not be healthy for economic that's such already, there should be strategic planing and implementation.

Having a substandard product keeps country backward and would even complicate everything about that country against those they would be distributing to because somebody cannot give you a low quality products in disguise of a high quality and after paying a lot for it and it could not serve for the purpose and next time you would expect such country to buy from them again?, actually if is in business with how bitter such person would be they they will go back for refundment or they will not will not allow there money to go that way and for country is more of an attribution to there economic recession because they would definitely have a bad relationship with all the countries they send the fake products to.

[o48o]

An example I am assuming (I am not OP) is that, if a whole Walmart opens near a mom and pop shop, economy should not care about them at all, they should not be looking at what the yare looking at, they should be considering their own profit.

Walmart is not responsible for what is going on with what happens to that mom and pop shop, it could be bankrupting and taking a whole family down and making them starve, it could get as bad as it gets, and we would be doing something terrible, but there is no emotion when finances are just numbers.

So we should definitely avoid that as much as possible if we feel human at all, but they are just not doing that, and that's the most obvious reason why we are seeing this.

So are you talking about US government helping that that mom and pop shop? Because, you do realize that they are subsidizing that Wallmart as well. So why would you even focus to that smaller shop when bigger companies get way more help?

And all that subsidizing literally exists to boost economy. You couldn't afford to buy gasoline without them and economy wouldn't be running.

[slapper]

You are correct that competition sharpens results. Ineffective producers are replaced, weak systems collapse, more powerful participants emerge. What is concealed in that framing, however, is the human cost. When a nation falls, it is not only the GDP curves that get shaken; millions of lives are being destabilized. This is not your chance to take away somebody's pension. It is the type of instability that can spread, both politically and economically. Which is to say that the "cold logic" of competition tends to rewrite itself by way of backlash, regulation, or conflict

On the small scale: yes, the more competent seller steals the customers. But do you see how that advantage is soon a trap as well. When you have the customers, now you are the target. Compete long enough, and you find out that the market will not reward kindness, but it will not reward endless aggression either. It rewards flexibility, timing and knowing when to fight. This is why not only the most powerful companies of today do not merely outcompete. They buy, consolidate, lobby and mould the rules

Competition is essential in economies to promote development, and compassion is also essential in the lives of people to survive in them. Take one away, the other falls. No empathy cold competition results in riots. Pure empathy and no competition gives stagnation. The point of the game must always be knowing when to lean on which, since the survival of the market is secondary in the long run to the survival of the humans who constitute it

[Cookdata]

One country's decline is a benefit to another one. It might sound cold and selfish but the truth is that if one economy is declining, you can use this to your advantage. If one country has a failing economy and they can no longer produce high quality products and their trade is losing significance then another country can sweep in and give better offers. This is simply the reality and so economy should not have emotions in because it will not do you good. If you want to improve your financial state, you have to compete. This is true even with smaller scale marketplace. Not a country's but let's say in one city. If one seller fails to deliver good products, you can sell better ones and take their customers. There is no space in the economy for soft hearted because everything is a competition. You have to compete for resources. You have to compete for demand. You have to compete for customers.

Decline isn't always the case though. I will like to use US for example, most demand of trades comes from the US, even China, Canada, Indian can't do without them and that's why they were trying so hard to bend for Trump the other day when he imposed increased in trade tarrifs to them. If today US economy is affected, it's going to affect other countries that highly depend on them for sales. If India has a rough economy on their pharmaceutical industry, the rest of the African countries are going to suffer because that's the only place they get the cheapest medicines.

The only time an economy decline favour's one when two countries are in competition of exportation, let's say China is number producer of silk materials and are well known for it and Germany also produce silk materials but all of a sudden Chinese is hit by an outbreak that made the country to lock down for long time, Germany is going to have the opportunity to make good sales to other demanding countries boosting their economy while China suffer a decline in sales.

[Baki202]

The whole world is moving forward in a competitive manner, if you keep yourself behind you are financially lagging behind. If you want to participate in any profitable project, then before that you have to move forward according to the plan, such as whether your capital can carry out your business strategy with the amount of money you have or you have to borrow. Some banks are ready to give you a loan to start a business, so you should consider whether you have the available amount of collateral. Without taking a loan you may not be able to properly set up a big project. The market competition will try to crush you so you have to maintain the quality of the product and take a strategy to supply it at a low price according to the demand.

And the way the world is moving forward, everything is becoming more difficult for people because most of these improvements people cannot even afford, so what is the essence? And it is now as if what we are seeing in the movies is beginning to happen in real life, because what is all this, and where are all these expenses coming from? And instead of life getting better, it is getting worse, and we are losing more than we are gaining, that the most annoying thing. The economy is just not friendly, and inflation is hitting everyone. And even businesses are being affected, and people need enough funds to even enjoy their business, and aside from the competition, there are plenty of factors that will just affect the business one way or another, so planning is very important so that the business will not crumble.

[Stepstowealth]

If one seller fails to deliver good products, you can sell better ones and take their customers.

It is a competitive market, and you do not need to wait until a seller fails to deliver before you swoop in to take advantage. Immediately you are able to identify a competitive edge in the market, a way to deliver better quality that what already exists,you can get in market. Consumers do not care about emotions, they will follow the better quality service or product that is delivered. Competition in the market within a country and in the global environment, helps encourage countries to keep trying to improve on the quality of products and services they deliver so as to remain at the top of the market.

[Agbamoni]

It is a competitive market, and you do not need to wait until a seller fails to deliver before you swoop in to take advantage. Immediately you are able to identify a competitive edge in the market, a way to deliver better quality that what already exists,you can get in market. Consumers do not care about emotions, they will follow the better quality service or product that is delivered. Competition in the market within a country and in the global environment, helps encourage countries to keep trying to improve on the quality of products and services they deliver so as to remain at the top of the market.

You are right, but its not always having the best product, service, branding or whatsoever. In the modern world, its about having the strongest network of marketers to show visibility. When you are in competition it forces you to improve in quality, but what should be more focused is drafting the right business strategy because even the best in the market can be overlooked. For example, Temu run adverts in my country, in fact they did that world wide, but before now we have Jumia and others. People are gradually trusting Temu and ordering from them more.

[Frankolala]

One country's decline is a benefit to another one.

It depends. If there are two countries in competition to supply a certain product to the global market is when this will be possible. If it's only one country that supplies majority of that product to other countries, it will become a problem for these countries depending on the country with declined economic because they have to look somewhere else to get this product and that might cost them more.

[Pablo-wood]

One country's decline is a benefit to another one. It might sound cold and selfish but the truth is that if one economy is declining, you can use this to your advantage. If one country has a failing economy and they can no longer produce high quality products and their trade is losing significance then another country can sweep in and give better offers.

That may be true to some extent, but it ultimately depends on whether the other country has strong and effective leadership. The truth is  one nation's decline shouldn't be a prerequisite for another's progress. The world is big enough to allow multiple nations to thrive at the same time. With the right leadership and smart decisions, any country can grow its economy and boast its global standing without relying on the downfall of others.

[Dunamisx]

One country's decline is a benefit to another one.

Some will even because of opportunities to take charge of what belongs to other countries cause chaos in another country, so that they can intervene and help with the situation, no one can help us achieve the best we wanted like the way we can have for ourself, we should also not depend on others for a survival, because if each country understands the way they could run the economy well, there wouldn't have been much dependencies for foreign supplies, instead they should take the challenge for competition and pursue after what's good for them.

[CageMabok]

Smart economic actors will exploit even the smallest loopholes to achieve their goals. Competition in the economic world is fiercer than any other because their focus is solely on profit.
When a country experiences an event that causes economic turmoil, that's where they find an opportunity to operate. Competition isn't one-sided, but multifaceted.
It's no surprise that someone can instantly reap substantial profits from what's happening. That's because they understand how the game works.

Every economic actor must be smart in spotting opportunities and capitalizing on them at any moment. As you said, all economic actors share the same goal: substantial profits with minimal capital. Therefore, competing in the economic sector requires specialized knowledge, setting targets, and possessing a greater level of influence to increase our competitive advantage over anyone else. I won't deny the existence of competition in any field, as it is always present, especially in a world directly related to money and the profits from the businesses we run.

[Solosanz]

Why when a person/entity/country offer better product/service, people will see they're like a bad actor?

They're not doing anything harm, they just do whatever they can to make better product/service, they have no intention to ruin your business/life.

If we talking about a country, as long as they're not make a competition through war, they're fine.

[Hamza2424]

One country's decline is a benefit to another one. It might sound cold and selfish but the truth is that if one economy is declining, you can use this to your advantage. If one country has a failing economy and they can no longer produce high quality products and their trade is losing significance then another country can sweep in and give better offers. This is simply the reality and so economy should not have emotions in because it will not do you good. If you want to improve your financial state, you have to compete. This is true even with smaller scale marketplace. Not a country's but let's say in one city. If one seller fails to deliver good products, you can sell better ones and take their customers. There is no space in the economy for soft hearted because everything is a competition. You have to compete for resources. You have to compete for demand. You have to compete for customers.

It is not about the heart being soft or hard it is the market and even if one seller is supplying the products you should sell too, because two sellers are better than one seller and same way more sellers are better then less sellers because this is a community and in a community demand never dies and if the product is very essential for the daily life.

Then it does not matter how many sellers are there and it does not matter if you are attracting the customers of another, it is all about competition, you will see two restaurants or multiple restaurants in the same community and all of them are making money and providing food. The demand is the key to this, if there is high demand, provide it, it will not only make you money but it will also increase the growth of the economy as well bro.

[justdimin]

And the way the world is moving forward, everything is becoming more difficult for people because most of these improvements people cannot even afford, so what is the essence? And it is now as if what we are seeing in the movies is beginning to happen in real life, because what is all this, and where are all these expenses coming from? And instead of life getting better, it is getting worse, and we are losing more than we are gaining, that the most annoying thing. The economy is just not friendly, and inflation is hitting everyone. And even businesses are being affected, and people need enough funds to even enjoy their business, and aside from the competition, there are plenty of factors that will just affect the business one way or another, so planning is very important so that the business will not crumble.

The sad thing is, the humanity has enough resources for everyone. It's just that for the name of innovation, we do not let everyone live a better life. Because it's simple, the world has a lot better stuff than we had back in the day, entertainment, medical, political, education, construction, food, everything is better compared to 200 years ago, or even 50 years ago. Technology is not something I will even mention, that is going to an insane level.

When you realize that, the point capitalists have is that, it's possible because we have made it possible by giving incentives for the people who innovate. If take from Elon, and Jeff, and give to people who need it, then we are not going to have people who are incentives to build more.

[Oluwa-btc]

Economically,competition in businesses is valid, businesses like to compete with others to attract customers,improve and increase market influence.Everyone is running faster and chasing to win customers,money,and market power.This competition ranges from price, quality, customer service approach and uniqueness.Only strong businesses can thrive,survive and expand.

[viljy]

~
You have to compete for resources. You have to compete for demand. You have to compete for customers.

This is a theoretical model of competition. In general, there is no ideal competition (described in economic theories). All of the above will be the last thing any corporation will do if there is no other way left in any industry. Now this is the way of technology corporations (and this means huge costs).

For the real sector, everything is completely different.  Usually, competition is not about improving quality or lowering prices, etc. Competition is about eliminating a competitor in one way or another. Or a competitor has failed for some external reason. For example, the growth of Chinese automakers and the expansion of sales markets is not a gain in competition at the expense of quality. This is a consequence of the loss of sales markets by competitors for reasons unrelated to the automotive industry.